{"id":61555,"date":"2024-02-22T16:06:50","date_gmt":"2024-02-22T16:06:50","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2"},"modified":"2024-02-22T16:44:45","modified_gmt":"2024-02-22T16:44:45","slug":"parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2","title":{"rendered":"Parties slam Godongwana\u2019s \u2018bailout\u2019 budget as an election \u2018gimmick\u2019"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Political parties have criticised finance minister Enoch Godongwana\u2019s budget, calling it a missed opportunity to set the country on economic recovery at the expense of the upcoming elections.<\/p>\n

Godongwana delivered the budget review on Wednesday.<\/p>\n

The official opposition party said the minister failed to address the economic crisis, adding that his delivery was indicative of a \u201cpanicking ANC\u201d.<\/p>\n

DA MP Dion George said the ruling party has no plan to accelerate economic growth, resolve relentless blackouts, stabilise debt, rein in runaway expenditure, support vulnerable South Africans and combat corruption.<\/p>\n

\u201cThis budget is a confirmation that the ANC only cares for its own survival and not about the plight of battling South African households who are unable to put enough food on their tables. There was no mention of the so-called food security plan of action, announced last year, to protect consumers from the burden of skyrocketing food prices.<\/p>\n

\u201cThe minister could very easily have expanded the zero-VAT rated basket of food to bring immediate relief to South African households. He could also have reduced the taxes and levies on fuel which would have provided further relief.\u201d<\/p>\n

The DA noted the minister\u2019s announcement of the government\u2019s support for private-public partnerships to rebuild South Africa\u2019s crumbling infrastructure \u2014 but it argued there is a notable absence of a coherent plan to fast-track this initiative.<\/p>\n

The party welcomed that there appears to be no further direct bailouts to SOEs and no additional funds allocated to the \u201cdoomed NHI\u201d.<\/p>\n

They have harshly criticised the growth forecast, down to 0.6%, saying it will significantly impact revenue collection and the funds available for service delivery, with revenue R56bn lower than expected this time last year.<\/p>\n

\u201cLoad-shedding and the crisis in our logistics sector has also impacted revenue generation significantly. Revenue generated from the mining sector decreased by 39.2%, while revenue generated from the manufacturing sector decreased by nearly 6%.<\/p>\n

\u201cThe lower-than-expected growth and revenue shortfall has prompted government to launch its raid on the South African Reserve Bank.\u201d<\/p>\n

Though government claims to be making progress on resolving relentless blackouts, the DA said the return of high level load-shedding ensures that the lights remain off, with government\u2019s commitment to unbundling Eskom not moving fast enough, while the entity continues to generate enormous losses.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Political parties have criticised finance minister Enoch Godongwana\u2019s budget, calling it a missed opportunity to set the country on economic recovery at the expense of the upcoming elections. Godongwana delivered the budget review on Wednesday. The official opposition party said the minister failed to address the economic crisis, adding that his delivery […]<\/p>\n","protected":false},"author":84,"featured_media":61553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,10,12],"tags":[274,315,275],"class_list":["post-61555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-parties","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nParties slam Godongwana\u2019s \u2018bailout\u2019 budget as an election \u2018gimmick\u2019 - South Africa<\/title>\n<meta name=\"description\" content=\"Political parties have criticised finance minister Enoch Godongwana\u2019s budget, calling it a missed opportunity to set the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parties slam Godongwana\u2019s \u2018bailout\u2019 budget as an election \u2018gimmick\u2019\" \/>\n<meta property=\"og:description\" content=\"Political parties have criticised finance minister Enoch Godongwana\u2019s budget, calling it a missed opportunity to set the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T16:06:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T16:44:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708607279.395452.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Parties slam Godongwana\u2019s \u2018bailout\u2019 budget as an election \u2018gimmick\u2019\",\"datePublished\":\"2024-02-22T16:06:50+00:00\",\"dateModified\":\"2024-02-22T16:44:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2\"},\"wordCount\":400,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/02\/sm_1708607279.395452.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"parties\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/parties-slam-godongwanas-bailout-budget-as-an-election-gimmick-2\",\"name\":\"Parties slam Godongwana\u2019s \u2018bailout\u2019 budget as an election \u2018gimmick\u2019 - 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